Balance Transfers Interview with ABC News Radio
CreditCards.com Senior Industry Analyst Matt Schulz spoke on Monday, November 23, 2015 with Daria Albinger of ABC News Radio about Balance Transfers pre-interest rate hike. The interview and transcript are below.
Daria Albinger: Hey, it’s your money, the Feds all but said that interest rates are going up next month. If you’re thinking about making a balance transfer on a credit card, Matt Schulz with CreditCards.com suggest you do it now, and this is why.
Matt Schulz: As rates go up, issuers are most likely going to offer shorter zero interest periods and maybe higher fees.
Daria Albinger: Some cards now offer up to 21 months to pay off balance transfers, and there’s no guarantee they’ll be around once those rates increase. In other words, it could be more expensive to wait. Daria Albinger, ABC News.